SICPA Government Security Solutions has opened its new Asia Pacific regional headquarters in Singapore. Government officials from several countries in the region attended the opening, welcoming SICPA’s decision to do business from its regional headquarters in this safe, strategic and dynamic capital.
While present in Asia for many years, SICPA Government Security Solutions’ new premises will act as a stronger base for its activities in Asia Pacific.
“The opening of this new regional center is a response to the growing need in Asia for the services SICPA Government Security Solutions provides. Due to its incredible socioeconomic and geographical diversity it is, perhaps, one of the regions most affected by loss of government revenues as a result of the illicit trade in excisable products. Our expanded operations bring us closer to governments in the region, providing more opportunities for dialogue and consultation with them,” explained Dr. Myron Seto, SICPA regional managing director for APAC.
SICPA Government Security Solutions helps governments protect tax revenues and deliver policy objectives by giving them visibility and control of the supply chain of products susceptible to fraud such as alcohol and tobacco, through its unique system called SICPATRACE. The system combines highly sophisticated secure marking of products with advanced data management and reporting, and is designed to best meet various government requirements, including those outlined in Article 8 of the WHO’s Protocol to Eliminate Illicit Trade in Tobacco Products, adopted in November 2012.